I'm currently having a similar bank transfer issues, tra sfer I've been trying to make for over 30mins keep saying processing error. Bitcoin or any other payment cryptocurrency can help one overcome this scenarios.
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Time to do something about the few whales who keep cheating everyone out of their life savings.
Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone. It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange. Where is the fairness in bitcoin?
We have to end the whales who are out of control.
Great topic nice way to generate certain opposition posts. I dont really know what this guy is thinking, at his rank he must have good knowledge in here but I can see that he is not.
thinking this: We do a fork. Anyone with more than 10 BTC - gets 10 BTC. The extra is airdrop distributed to people who have nothing. After the fork - nobody has more than 10 BTC. Are you guys all stupid? You don't understand how a fork works? How fair is it that one asshole spends 10,000 BTC on a pizza and now you have to spend the rest of your life working like a slave. Seem reasonable to you? A brilliant followup post sure to get even more opposition posts. The simple answer is there are about 17,735,000 coins so your idea does not work since there are 10 numbers and 26 letters that is 36 different choices for each character in a btc address so the address below could be 34 characters long 1J dC 6X g3 aj T3 rg e3 Fg PN SY YF pm f5 3V bt je so 36 x 36 = 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 = a really really really really big number far bigger the 17,735,000 coins. So if 12 guys hold 12,000,000 coins and 3,000,000 coins are lost and little guys have the rest of the coins. then they (whales) will simply divide their coins into spare addresses. Actually your idea does have 1 point that could work. Dead or lost coins could be redistributed to the network.
How about an address over 13 years old with 10 coins gets multiple notices to break itself into smaller amount or it is forfeited. I know 13 year old coins do not exist at the moment. But many wealth depositories have inactivity rules.
I would love to see this idea happen. As it would recirculate lost coins. It could be tweaked but I think it could work.To op thanks for your trolling efforts as I like my twist to your idea. Don't you think that by redistribution it goes against the bitcoin protocol of decentralisation? Most times FOMO is a cause effect for sudden rise and fall not necessarily the whales. Let's not forget these guys invested their funds in Bitcoin years ago are there no laws against infringement on personal funds because this is what it's all about?
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The issue of stablecoins not being backed by anything yet traded on exchanges is worrisome due largely to the fact an exit scam can take effect any day leading lots of persons to lose their funds. If other exchanges can have USD pair like what Bittrex has it will be a better option knowing your money is safe.
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I don't know that we can do something about crypto whales. They have made a big effect on Bitcoin price at least for a short time. These transactions could push Bitcoin to upper levels.
This is a major obstacle militating against the price of bitcoin imagine the so-called "whales" in their comfort of their homes dictating the price of bitcoin selling a huge bitcoin will result into a price crash causing FUDs as well as newbies dumping massively the end results is price dropped. I read a news article here about a Saudi Arabian prince seeking to buy 25% worth of total bitcoin obviously this is another whale whose entrant is to manipulate the market. The same whales keep buying it cheap and selling to top to newbie dumpers. Let's get wisdom from the recurrent market cycle sell when price jumps wait to buy back lower by so doing we're growing our portfolios.
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The long awaited bull run is here even alts will be profitable soon enough to rally with Btc just like last bull season.
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If the price keeps surging from now till next year, the price of bitcoin will be worth a fortune then. Don't you think there will be some retracement along the line.
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Scam happens on a daily basis before cryptocurrency came to play, people were being scammed. The only difference in cryptocurrency scam is the fact that anonymity covers the scammer such person can't easily be traced unlike bank wire transfer.
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Time to do something about the few whales who keep cheating everyone out of their life savings.
Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone. It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange. Where is the fairness in bitcoin?
We have to end the whales who are out of control.
One thing you should always bear in mind is Btc wasn't ever airdropped to anyone, anyone who has it today bought it with their money so there's no such thing as Bitcoin fairness it's people's investment.
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What will happen in case he suddenly re-appear after 1-2 years? He is the creator of Bitcoin, and we need to show our respect for him. And as long as these coins can't be spent, it can have a positive effect on the exchange rates. And I guess this is beneficial for all the users, with the exception of those traders who engage in short-selling.
The impact will be big, but real Satoshi if really exist won't harmed it's own creations, he will rather to keep being anonymous and holds those coins with him instead of showing up and create doubts that he will dumped all those coins that he's keeping and make a huge downfall. Who knows if he had other wallets stashed up with Bitcoin which he keeps spending from. Even if he shows up, he won't dump the coins in the market there's always joy seeing one's work prosper.
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Forks don't destroy coins, what forks does is chain split which gives the new chain some attributes of the old chain. We all should be grateful to satoshi anything he does with his tokens shouldn't be our concern.
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I believe bitcoin will be $1000 by years end. The current price is inflated and is only being held up by speculation.
Did you really mean $1k or you wanted to type $10k? If you really meant $1k, Btc won't ever see this low again. Looking at the 2018 bear run where everyone kept predicting and waiting for 2k zone, trend reserval took most people unawares and they missed buying the lows at $3k. Speculation isn't the only thing holding the price of Btc it has created value for itself over the years.
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Even after all Bitcoin yet to be mined gets mined, that doesn't stop transaction confirmation or won't transactions be mined as well and confirmed on the blockchain? To me I think provided transactions are still being made with Bitcoin, there's no such thing as Bitcoin dying. What we will fear is transaction cost being high once again to enable miners cover cost for their equipment and time.
are you a miner? of course transaction costs are very high for equipment costs. this isn't over for miners This shows the end of Btc won't happen with the mining of last Btc. As the price gradually keeps increasing, so will it be when the last coin gets mined the price won't be the same again.
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Something popped into my mind I decided to ask questions. Now if we stop engaging non-bitcoiners, how will mass adoption take effect?
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I read through your thread and repeatedly you used the word megaspam thread. How do one identify such threads in order to stay away from them?
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After seeing this thread i wanted to say . I am also doing the same stuff i was doing initial days telling about bitcoin and price growth 2X or 3X
Even i introduced many people and they all invested in bitcoin when they saw that the price was on a very sharp increase in 2017 and i was telling them about bitcoin for the past five years and they never listened nor bothered to invest during that time, but they saw the price rallying they invested without informing me and they started bothering me that they lost money when the crash started, i just had to blast them for their actions without my direction and how they can raise their voice on their stupid decision, i really stopped advising anyone when it comes to investment after that incident. While investing, people should be aware of the risks they're taking as well. One shouldn't invest blindly for the past years you've been telling them they never invested all for them to buy the top.
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Ever since I got to know about blockchain and cryptocurrency, there has not been a day I ever forgot to go online and read about something new. Cryptocurrency has completely shaped my way of perceiving issues and dealing with them. I can now draw reviews from projects analyze a projects Whitepaper etc In doing all these my knowledge base have increased. Last but not the least it has introduced me to extra social media channels like reddit, put extra income on my table by allowing me to make adequate use of my social media channels. Blockchain and Cryptocurrency has done me more good than harm
That's an example for those of us who dare to admit that crypto is indeed real.!! There is nothing impossible if we are willing to learn and understand what cryptocurrency is, we ourselves can change everything with certain steps and improve our economy by learning to look for maximum results in cryptocurrency.. Once again I really agree with you guys.. True. Not only can one get passive income or even full time income from cryptocurrency but its as well opening new doors to greater opportunities for the masses.
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Even after all Bitcoin yet to be mined gets mined, that doesn't stop transaction confirmation or won't transactions be mined as well and confirmed on the blockchain? To me I think provided transactions are still being made with Bitcoin, there's no such thing as Bitcoin dying. What we will fear is transaction cost being high once again to enable miners cover cost for their equipment and time.
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Have you calculated what the market cap will be even at $30k? Yes the price can be manipulated but Btc won't easily do a whopping x10 within 7months. And let's not forget the market cycle theory. This price or half way through will be achievable by next year after Btc halving.
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From time to time I still reach out to friends and colleagues on crypto topics. It took my friend time to convince me I need such patience with my other friends as well. Some persons are laggards and very Conservative about stuffs like this sticking around to remind them every now and then is a good thing.
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